Amalgamated Bank Trims Stake in Science Applications International Co. (NYSE:SAIC)

Amalgamated Bank cut its stake in shares of Science Applications International Co. (NYSE:SAIC) by 23.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,437 shares of the information technology services provider’s stock after selling 7,664 shares during the period. Amalgamated Bank’s holdings in Science Applications International were worth $3,403,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SAIC. Janney Montgomery Scott LLC boosted its position in shares of Science Applications International by 47.4% in the first quarter. Janney Montgomery Scott LLC now owns 12,237 shares of the information technology services provider’s stock worth $1,596,000 after purchasing an additional 3,935 shares during the period. GSA Capital Partners LLP bought a new position in Science Applications International in the 1st quarter worth $468,000. Empowered Funds LLC purchased a new stake in Science Applications International in the 1st quarter worth $1,069,000. SG Americas Securities LLC raised its holdings in Science Applications International by 7.0% during the first quarter. SG Americas Securities LLC now owns 9,327 shares of the information technology services provider’s stock valued at $1,216,000 after acquiring an additional 614 shares during the period. Finally, Sei Investments Co. lifted its position in shares of Science Applications International by 53.9% in the first quarter. Sei Investments Co. now owns 86,541 shares of the information technology services provider’s stock valued at $11,284,000 after acquiring an additional 30,325 shares in the last quarter. Institutional investors own 76.00% of the company’s stock.

Science Applications International Price Performance

Science Applications International stock opened at $151.97 on Friday. Science Applications International Co. has a 52-week low of $109.46 and a 52-week high of $156.34. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21. The firm’s fifty day moving average is $141.11 and its 200 day moving average is $130.25. The company has a market cap of $7.53 billion, a price-to-earnings ratio of 27.33 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last posted its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.19. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the firm posted $2.05 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis. Sell-side analysts forecast that Science Applications International Co. will post 8.2 EPS for the current fiscal year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, October 11th. Science Applications International’s dividend payout ratio is currently 26.62%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Barclays increased their target price on Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Monday, September 16th. Wells Fargo & Company lifted their price objective on shares of Science Applications International from $122.00 to $157.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Citigroup upped their target price on shares of Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. upgraded shares of Science Applications International from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $150.00 to $170.00 in a report on Wednesday, October 2nd. Finally, StockNews.com downgraded shares of Science Applications International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $150.43.

Science Applications International Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.